Rossum.ai

Rossum.ai
Rossum.ai
  • Headquarters

    Prague, Czech Republic
  • Founded

    2017
  • CEO / Founder

    Tomáš Gogár
  • Employees

    201-500
  • Funding

    Series A — $104.5M
  • Products

    1 product listed
  • Avg. AI Score

    6.7/10
  • Website

    rossum.ai

Profile updated

Products
1
Avg AI Score
6.7/10
Founded
2017
Funding
$109.5M
About Rossum.ai

Rossum is an AI-powered document processing platform founded in 2017 in Prague by three AI PhD students, Tomáš Gogár (CEO), Petr Baudiš, and Tomáš Tunys. The software automates ingestion and extraction of data from semi-structured business documents such as invoices and purchase orders.

Rossum serves enterprise customers including Siemens, Pepsi, and Bosch, and is positioned as an alternative to traditional OCR and RPA approaches. It processes documents in more than 60 languages.

The company raised a $100 million Series A in October 2021 led by General Catalyst, with participation from LocalGlobe, Seedcamp, Miton, and Elad Gil, bringing total funding to $104.5 million.

Specialties
Intelligent Document ProcessingInvoice AutomationOCRAI Data ExtractionAccounts Payable Automation
Financials

Dated, source-cited figures. Estimates are marked.

Total Raisedest.
$109.5M
tech.eu
Products by Rossum.ai

All products by Rossum.ai reviewed by our AI panel of experts.

How Our Review Panel Scores Rossum.ai

Six independent reviewer personalities assessed Rossum.ai's product on their own terms. They disagreed by 2.2 points — The Finance Lead was the hardest to convince, The Domain Strategist the most positive.

The Domain Strategist
7.4
The Decision Maker
7.2
The Domain Practitioner
7.2
The Power User
6.8
The Skeptic
6.2
The Finance Lead
5.2

Averaged across 1 reviewed product in our catalog. Scores are out of 10.

Competitive Landscape

Who Rossum.ai competes with, and how they differ.

Company Timeline

Key milestones in Rossum.ai's history, with sources.

  1. Acquisition

    Acquired by Coupa (Thoma Bravo)

    Coupa announced it had acquired Rossum to extend intelligent document processing across its autonomous spend-management platform; financial terms were not disclosed.

    prnewswire.com
  2. Funding

    Non-dilutive debt financing from CIBC Innovation Banking

    CIBC Innovation Banking committed non-dilutive debt funding to Rossum, bringing its total raised to $109.5M.

    tech.eu
  3. Funding

    Series A -- $100M led by General Catalyst

    Rossum raised a record $100 million Series A from General Catalyst, one of Eastern Europe's largest-ever Series A rounds, with LocalGlobe, Seedcamp, Miton and Elad Gil also participating.

    sifted.eu
  4. Funding

    Seed -- $4.5M led by LocalGlobe

    Rossum raised a $4.5 million seed round led by LocalGlobe, with Seedcamp, Miton, StartupYard, Elad Gil and Flexport CEO Ryan Petersen participating.

    sifted.eu
  5. Founded

    Founded in Prague by three PhD dropouts

    Tomas Gogar, Petr Baudis and Tomas Tunys left their AI/machine-learning PhD programs in Prague to found Rossum, building document-reading AI software.

    sifted.eu

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